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Consumers Are Falling Deeper and Deeper into Credit Card Debt

Posted by Sami Thalji | Jul 28, 2022 | 0 Comments

• Inflation hits 40-year high in June. • Consumers are struggling to keep up with rising prices and are saving little to no money aside for emergencies or financial goals. • Consumer satisfaction with their current financial condition is low, with nearly half of consumers saying they will have no choice but to add significant credit card debt within the next 6 months.

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